Morgan Stanley Cuts Cintas (NASDAQ:CTAS) Price Target to $210.00

Cintas (NASDAQ:CTAS) had its price objective lowered by equities research analysts at Morgan Stanley from $220.00 to $210.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price points to a potential upside of 11.93% from the stock’s previous close.

A number of other research firms have also commented on CTAS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday. Wells Fargo & Company reaffirmed a “cautious” rating and issued a $185.00 price target (down previously from $218.00) on shares of Cintas in a research note on Tuesday, November 25th. Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Trading Down 0.4%

Shares of CTAS stock opened at $187.62 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The business has a 50-day moving average of $186.66 and a 200 day moving average of $205.06. The stock has a market capitalization of $75.40 billion, a PE ratio of 42.54, a P/E/G ratio of 3.26 and a beta of 0.96. Cintas has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts anticipate that Cintas will post 4.31 earnings per share for the current year.

Cintas announced that its board has approved a share buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Cintas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new stake in shares of Cintas during the 1st quarter valued at $27,000. Triumph Capital Management bought a new position in Cintas in the 3rd quarter worth $29,000. Saudi Central Bank purchased a new position in Cintas during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.